When we think of India, we think of cricket, Bollywood and now start-ups. India’s information-technology success and English-speaking engineers have created a fertile ground for innovative start-ups. Angel investors and venture capital funds are 1) mushrooming. Investment in start-ups is a new trend among a) affluent Indians, triggered by the Silicon Valley-like successes of many start-ups recently.
India’s start-up industry is the youngest and fastest-growing in the world. There are more than 4,000 start-ups in India, with 28 the average age of founders. Money is also pouring in; $5 billion was invested in start-ups this year alone, a 125 percent year-on-year rise.
International investors are also tempted by the b) sheer size of India’s market. At more than 350 million, India has the third most Internet users in the world, after the United States and China. Most of them are using the Web on mobile devices. That number is expected to grow to 580 million people by 2018.
India’s government, led by tech-savvy Prime Minister Narendra Modi, has 2) gone out of its way to encourage investment in start-ups. Authorities have set up a $300-million fund for start-ups, and eased restrictions on Indians abroad who want to invest in venture capital funds there. The success in China of companies such as Alibaba has inspired many to say that India is the next big consumer Internet market.
However, big challenges still remain when it comes to running a business in India. There are many infrastructure and regulatory c) hurdles. Arjun Narayan, founder of investment company Catamaran, cautions that investors in India have to 3) jump through a lot of hoops. “India is still a decade behind becoming a matured manufacturing hub,” he says. Yet despite such concerns, the huge growth in the number of new Indian start-ups continues, as does the level of investment they are able to secure.
1. Mushrooming 湧現
South American restaurants are mushrooming in Taipei. 南美料理餐廳紛紛在台北開張。
2. Go out of one’s way 竭盡所能
Mary’s garment business is booming, as she always goes out of her way to satisfy her clients. 瑪麗的成衣生意很興隆，因為她總是竭盡所能來令顧客滿意。
3. Jump/go through hoops 克服重重難關
The boss pays relatively high salaries, but he expects the entire staff to jump through hoops for him. 老闆給的薪資比別人高，不過他期待所有員工為他赴湯蹈火。